Funding

MycoTechnology raises $9.2M

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What does MycoTechnology do?

MycoTechnology, is a food technology company which uses mushrooms for improving the taste of everyday drinks and food. The company concentrates on the fermentation of agricultural products like coffee beans with strains of gourmet fungi. The company offers arabica coffee beans and myceliated robusta. It develops and licenses a technology to the industry for naturally improving the flavour of arabica and robusta coffee. The company is transforming agriculture by dramatically redefining over 400 agricultural products.

How much MycoTechnology was funded?

MycoTechnology raised $9.2M in Series A on October 15, 2015 from Middleland Capital, S2G Ventures and Seventure Partners

Previous funding

  • Undisclosed amount in Series B on February 19, 2014
  • $1.05M in Debt Financing on February 21, 2014
  • $100k in Debt Financing on December 8, 2014
  • $215k in Debt Financing on August 20, 2013

What is next for MycoTechnology?

MycoTechnology plans to use the latest funding raised for expand its team and building a new facility with the aim of moving in early 2017. The company is expanding rapidly with plans to double its employee number over the coming several months.

More about MycoTechnology

MycoTechnology was founded in 2013. It has its headquarters in Aurora, CO. This is a food technology company using its proprietary gourmet mushrooms for transforming agricultural products, proved on chocolate, tea, coffee, stevia and wheat. The company’s aim is to enhance the taste, nutritional characteristics of the foods and their value through their natural technology. The company’s patent pending MycoSmooth process in 100% natural, leveraging fungi to eliminate bitterness, improve nutritional values, reduce or eliminate mycotoxins and improve the taste. The company believes that the best way of improving healthy is by naturally improving the health benefits of the food we already consume daily and not through extraction process which reduce the nutritional value ot pill which are not bio-available.

 

 

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